IFM Investors Pty Ltd Raises Stake in Fidelity National Financial, Inc. (NYSE:FNF)

IFM Investors Pty Ltd increased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 10.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,710 shares of the financial services provider's stock after purchasing an additional 6,066 shares during the quarter. IFM Investors Pty Ltd's holdings in Fidelity National Financial were worth $3,954,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Capital Analysts LLC acquired a new position in Fidelity National Financial in the fourth quarter valued at approximately $29,000. Opal Wealth Advisors LLC acquired a new position in Fidelity National Financial in the first quarter valued at approximately $32,000. Kapitalo Investimentos Ltda acquired a new position in Fidelity National Financial in the fourth quarter valued at approximately $44,000. Colonial Trust Co SC lifted its holdings in Fidelity National Financial by 130.1% in the fourth quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 450 shares during the period. Finally, Private Trust Co. NA lifted its holdings in Fidelity National Financial by 38.7% in the first quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 206 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of FNF stock traded down $3.91 during trading hours on Thursday, hitting $51.21. 6,082,882 shares of the company's stock were exchanged, compared to its average volume of 1,269,582. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The firm has a market cap of $14.06 billion, a P/E ratio of 12.68 and a beta of 1.02. The firm has a 50 day moving average of $56.59 and a two-hundred day moving average of $58.90. Fidelity National Financial, Inc. has a fifty-two week low of $48.00 and a fifty-two week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the company earned $0.91 earnings per share. The company's quarterly revenue was down 17.3% compared to the same quarter last year. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.91%. The ex-dividend date was Monday, June 16th. Fidelity National Financial's dividend payout ratio is currently 49.50%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FNF. Barclays decreased their price target on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $71.20.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.